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“We are creating a show that is high interest for everyone, yet we lose money.

“I think other chairmen would love to open a discussion because the time is getting ready to consider what to do to move forward.”

Asked if he had already held meetings with other club owners to plot a course for revolt, Radrizzani – owner of emerging TV rights contenders Eleven Sports - warned: “No, it’s just my belief, you should ask other clubs.

“But I’m sharing these (ideas) with other chairmen, and they agree.

“The Championship model should be reconsidered because it is not sustainable – there are huge gaps between the clubs coming down with parachute payments and other teams on lower budgets.

Premier League BREAKAWAY: Andrea Radrizzani is threatening to form a breakaway Premier League (Image: GETTY)

Premier League BREAKAWAY: Andrea Radrizzani has big ambition for the future (Image: GETTY)

Premier League BREAKAWAY: The Leeds chief dreams of getting the same kind of money as Man City (Image: GETTY)

“Maybe they need to consider another way to create value, Premier League 2 or something, that is sustainable even for the clubs who are not promoted.”

Radrizzani, speaking at the Leaders Sport summit at Stamford Bridge, claimed Leeds United had doubled in market value since he paid £45 million to buy the club from excitable predecessor Massimo Cellino 17 months ago.

And he acclaimed the impact of new manager Marcelo Bielsa, whose charisma has given fans a standard-bearer to rally round the White Rose standard.

He said: “I think we have progressed in terms of everything – management,

facilities and the sporting side is doing better – so the big impression is that the club is catching up to be a modern club.